Open pit speculationNFG management has prioritized a lot of shallow drilling at Keates North. They continue to define and expand upon a 35x125 m zone of near surface mineralization (June 6 press release) north of where the Keates Main zone intersects the surface (these assays are still pending). All of this near surface mineralization could make for a small open pit gold mine which could send hundreds of millions of dollars into their coffers and fund their 2023/2024 exploration and development programme.
We haven't heard anything from the Keates deeps in some six months. I'm speculating that an open pit gold mine is superceeding an underground gold mine.
Their cash currently stands at 77 million.